060-18 Wyo. Code R. §§ 18-15 - [Effective until 10/24/2024] Royalty Reporting
(a) All lessees
shall submit to the Office a completed monthly royalty reporting statement on a
form provided by the Office for each lease (Forms M-1 and/or M-2). The lessee
shall submit each lease statement within thirty (30) days of the last day of
the month of sales for oil and condensate and sixty (60) days of the last day
of the month of sales for gas and gas plant products. The lessee shall attach
to the M-1 statement copies of original arms-length sales transaction documents
showing the quantity, quality, and value of products sold, including all lease
volume sales through affiliate companies.
(b) For participating leases within a unit, a
participating area, or a cooperative plan, the unit operator, the participating
area operator, or the cooperative plan (communitization) operator shall submit
to the Office a completed monthly royalty reporting statement on a form
provided by the Office for each unit, unit participating area, and cooperative
plan embracing state leases (Form M-4). The respective operator shall attach to
the M-4 statement copies of original arms-length sales transaction documents
showing the quantity, quality, and value of products sold.
Notes
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